· May 28

Tesla loses more ground in Europe, while BYD makes gains

Tesla’s vehicle sales in the European Union, European Free Trade Association, and U.K. have dropped by 49% year-over-year in April, despite the launch of its new Model Y. This decline contrasts with competitors who have maintained sales levels, with Chinese manufacturer BYD notably increasing EV registrations by 59% in the...
· May 22

Tesla Will Now Accept Cybertruck Trade-ins — Here’s How Much It’s Worth

Tesla has started accepting trade-ins for its Cybertruck after initially refusing them, amid disappointing sales figures with only about 40,000 out of over one million reservations converted into orders. The trade-in program reveals significant depreciation, with a 2024 Cybertruck AWD Foundation Series losing roughly 34.6% of its value within a...
· May 21

Toyota Claims Insane Number of Vehicles On The Road

Toyota remains the world’s top automaker in 2024, selling over 10 million vehicles and maintaining a fleet of more than 150 million on the road globally, representing around 9.1% of all vehicles in operation. The brand’s best-selling model, the Corolla, has sold over 53.4 million units, while the Toyota RAV4...
· May 21

All-new Toyota RAV4 makes worldwide debut

Toyota unveiled the sixth-generation RAV4 on May 21, with plans to launch it in Japan by the end of fiscal year 2025. The new RAV4 will offer three designs—Core, Rugged, and Sport—including a new Woodland grade and RAV4 GR SPORT model, featuring Hybrid Electric Vehicle (HEV) and Plug-in Hybrid Electric...
· May 21

2026 Lexus RZ Gets More Power and Performance

The 2026 Lexus RZ, a battery electric luxury SUV, made its North American debut with enhanced power, longer range, and new driving features including a sportier F SPORT AWD model producing 402 horsepower. The updated RZ lineup offers three power options and adopts the North American Charging System for faster...
· May 21

Jaguar Says It Has No Intention of Manufacturing Cars in the U.S.

Jaguar Land Rover has confirmed it will continue producing cars in the UK and has no plans to manufacture vehicles in the United States despite the impact of President Trump’s 25% tariff on imported cars. The company temporarily paused shipments to U.S. dealers earlier this year while reassessing its strategy,...
· May 20

China eyes Nigeria for EV boom

China is targeting Nigeria as a key market for its electric vehicle (EV) expansion, aiming to capitalize on Nigeria’s growing demand for clean and sustainable transportation. Chinese companies are exploring partnerships and investments to introduce EV technology and infrastructure within Nigeria’s automotive sector. This move aligns with Nigeria’s increasing emphasis...
· May 20

Honda to scale back on EVs and concentrate on hybrids

Honda is reducing its investment in electric vehicles due to slowing demand and will increase focus on hybrid models with 13 new hybrid launches planned between 2027 and 2030. The company’s CEO, Toshihiro Mibe, stated that EV sales are now expected to constitute around 20% of Honda’s sales by 2030,...